Collateral Release definition

Collateral Release has the meaning specified in Section 7.09(a).

Collateral Release has the meaning set forth for that term in Section 2.12.

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property that is directly owned by a Subsidiary of the Company and its Subsidiaries, the grant of any Lien on such Property that is a Permitted Lien, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Examples of Collateral Release in a sentence

• Consistent with this delegation of responsibility for conducting the investment of excess funds, the Director of Business Services is hereby authorized to sign the following investment documents ads deputy treasurer: Collateral Assignment Forms and Collateral Release Forms.

• For the avoidance of doubt, during a Collateral Release Period, the Collateral and Guarantee Requirement shall be limited to the provisions with respect to the providing of Guaranties (and related action), and shall not require any action with respect to the granting or perfection of any assets or Collateral (provided the other provisions of this document relating to the provision of Cash Collateral shall continue to apply).

• That, they say, refutes any claim of fraud (or, for that matter, conversion or unjust enrichment).Frorer Defendants’ Brief, 14-16 The Trustee’s response is that the Collateral Release Agreement is not the basis of his suit, but is, instead, an indicia of the fraud which is its legal premise.

• The Borrower may not request withdrawals under paragraph (i) above, and no cash may be released, if the LTV Ratio (calculated as of the date of such release) exceeds, or will exceed after giving effect thereto, the LTV Collateral Release Level or where an Event of Default, Adjustment Event or Mandatory Prepayment Event has occurred and is continuing or will result therefrom.

• The Collateral Release Agreement, says the Trustee, is a sham: it is a manufactured transaction intended to imbue with legitimacy the wrongful transfer of the Debtor’s most valuable asset.

More Definitions of Collateral Release

Collateral Release means a release of all Collateral following a Collateral Release Date.

Collateral Release has the meaning assigned to such term in Section 9.02(e).

Collateral Release means the release of the Liens granted to the Administrative Agent pursuant to the requirements of Section 6.20 and the Pledge Agreement.

Collateral Release means a release of Collateral from the Liens created by the Pledge Agreement and/or LMC Collateral from the Liens created by the LMC Pledge Agreement, pursuant to Section 9.15(b) unless such Liens are required to be re-granted pursuant to Section 9.15(c).

Collateral Release means (i) with respect to any Collateral owned by the Company or any Subsidiary, a release of the Liens securing the Secured Obligations on such asset or (ii) with respect to any Property set forth in Category 3 or Category 4 of Annex I hereto that is directly owned by a Subsidiary of the Company and its Subsidiaries, a release of the requirement for such Properties to be subject to Section 4.06(a) or any Lien on such Property is deemed to be otherwise permitted under Section 4.06(a) as a result of a Release Trigger Event, as applicable, in each case of clause (i) and (ii), pursuant to a Release Trigger Event as a result of which such Collateral or Property, as applicable, continues to be owned by the Company or a Subsidiary.

Collateral Release has the meaning set forth in Section 11.4.

Collateral Release means a release of all Collateral from the Liens created by the Security Agreement pursuant to Section 9.15(b).